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ActionsAssignment of investment contracts
Estimated Time:
21 working days
Location:
Awqaf Properties Development Department.
Estimated Fee:
0.006 of the actual annual investment allowance.
- Description
- Procedures
- Required Documents
- Persons benefiting from the service
- Files
- Related Services
Conditions for obtaining service
- The investor and all partners agree to the assignment.
- Payment of all previous wages and dues incurred on the property before signing the assignment agreement at the department’s headquarters, or its office in the competent Directorate of Endowments.
- Presence of all parties (assignor, assignee and sponsor) to sign the assignment agreement.
- A Jordanian sponsor if the assignee is a non-Jordanian.
Notes
None
Partner institutions:
None
Procedures
- Submit a written request for assignment; signed by the parties (assignor and assignee).
- The rentals or investment division shall cross-examine the assignment request in terms of due procedures, and reconsider the annual investment allowance (should the department deems it necessary, and in the best interest of the endowment).
- If approved, a recommendation is made to Awqaf Council to approve the assignment.
- The rentals or investments division shall sign the assignment agreement between all parties.
- The new investor shall be given a copy of the agreement.
Required Documents
- Individuals:
- Civil Status ID for all parties.
- Passport for non-Jordanians.
- Enterprises:
- Company’s registration certificate, a copy of the commercial registry, and a copy of the civil ID of the authorized signatory
Persons benefiting from the service
- Investors of the Department.
- Public & private enterprises, both natural and juridical persons.
Files
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